Mortgage, US Real Estate

Fannie and Freddie Could Raise Fees in 2012

By Mike Wheatley | September 21, 2011
Analysts believe that the government may need to charge higher fees to lenders and increase mortgage insurance from borrowers in order to guarantee loans when they go ahead and overhaul Fannie Mae and Freddie Mac – a move that could lead to increased borrowing costs. The government is trying to boost competitiveness within mortgage markets, […]
Featured News, Mortgage, Real Estate, Real Estate Investing, Residential, US Real Estate

A Perspective On The U.S. Housing Market, We Need Localized Solutions (Part 1)

By Donna S. Robinson | September 19, 2011
As the U.S. "housing crisis" drags on, it's time to take stock of where we're at and take a closer look at what's really going on out there. There are several points I'd like to make about this market to add some balance to the discussion about what to do and how to "fix" the […]
Mortgage, Real Estate, US Real Estate

Sales Held Back By Underwater Borrowers

By Mike Wheatley | September 16, 2011
New data released by CoreLogic shows that a large number of homeowners remain “underwater”, a situation where they owe more on their mortgage than their homes’ value, as a result of continuing property price declines. CoreLogic said that around 10.9 million residential properties, which amounts to 22.5% of all mortgaged homes in the US, were […]
Featured News, Mortgage, Real Estate, Residential, US Real Estate

Obama Planning Expansion of Home Affordable Refinance Program

By Mike Wheatley | September 13, 2011
More homeowners will be able to make the most of current low interest rates, after the Obama administration announced plans to expand the two-year old Home Affordable Refinance Program. Addressing a joint session in Congress last week, President Obama said that the government would do everything it could to assist “responsible homeowners” in refinancing their […]
Mortgage, Real Estate, Residential, US Real Estate

Most Borrowers Won't Qualify For Lowest Advertised Mortgage Rates

By Donna S. Robinson | September 12, 2011
Sure you've been hearing that mortgage rates have dropped to historically low levels. But have you tried to get a mortgage with those super low rates lately? If you have, chances are you didn't qualify for the best deal. According to data surveying 200 of the nations top mortgage lenders, the actual interest rate granted […]
Mortgage, Real Estate, US Real Estate

Freddie Mac and HUD Provide Irene Victims with Mortgage Relief

By Mike Wheatley | September 9, 2011
Homeowners who were affected by Hurricane Irene are to be offered assistance by Freddie Mac, following the massive damage resulting from flooding caused by the storm. Freddie Mac announced that it would offer homeowners impacted by Irene a period of forbearance on their mortgage repayments up to one year, in addition to a 12 month […]
Featured News, Mortgage, Real Estate, Residential, US Real Estate

Fed Study: Garnishing Wages Could Reduce Mortgage Defaults by 30%

By Donna S. Robinson | September 8, 2011
A "Working Paper" documenting a study of mortgage default has determined that two possible options for reducing mortgage defaults would be to increase the required down payment to 15% or garnish the wages of defaulting borrowers. The study, written by Juan Carlos Hatchondo, Leonardo Martinez, and Juan M. Sánchez, looks at an aggregate of data […]

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